It is still in constant use as the official language of the Vatican.
They keep having to invent new Latin words and phrases so they can discuss things like hotpants, which are brevíssimae bracae femíneae apparently.
Have a look here - http://usvsth3m.com/post/95991771713/hotpants-flirt-and-othe...
The cashpoint with Latin in comic-sans is awesome.
edit - translating from the latin, comic-sans is a pretty accurate font name.